Pernod talks of tough year

By
Euronews

Pernod Ricard is predicting a tough year as the drinks market stagnates and says it will focus on selling assets and generating cash to reduce its debt.

The French company, which is the world’s second-largest maker of alcoholic drinks behind Diageo, posted a 21 percent rise in operating profit for the first six months of the year.
That was in line with forecasts and due to growth in France, Asia and Latin America.